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? in 201047 democratic senators voted with president obama in order to extend the bush cuts. >> sean: the republicans, the ones signaling they're giving in, and the democrats, lock solid, they're not moving, as of now. i'm trying to reinforce -- >> i would just leave the republicans and focus on the democrats. what are they going to do? what is their plan. >> sean: you guys beat up on me. >> because we know we cannot afford this. we know that if you raise taxes on the rich, everybody making more than $250,000, you bring in $82 billion. we know that. that funds the government for what? 8 1/2 days. it provides 10 weeks worth of -- >> sean: i don't buy, the real fiscal cliff is down the road when we cannot pay our bills and go broke. >> it's the president, the democrats, leading america to bankruptcy. ibankruptcy. >> sean: agreed. >> the president and democrats are making america into a greek-style europe. concentrate on that for heaven's sake. isn't that a strong position? why do you want to beat on the republicans? >> sean: i thought you were going to go bob beckle on me for a second.
? medicare, medicaid carefully, these are chief drivers of our deficit. we made a lot of progress with obama care and there's other spending we have to cut. >> hold on a second. i think we all know what the chief drivers of our deficit are and have been. our projected deficit over the next seven years is driven mostly by the wars in iraq and afghanistan and the bush tax cuts. entitlement programs don't even compete with these costs. plouffe went on to pin the problem largely on republicans who are not flexible on higher tax rates, but he also said this. >> and so where i think the big bottleneck right now is republicans in congress on revenue and how much and where does it come from. democrats are also going to have to step up here and do some tough things. and you know, the notion that somehow that these deficits and our debt are not a threat to our national security and our economic future is something i could not disagree with more strongly, as does the president. there are some, maybe not so much in our party but some commentators on the left that suggest that we shouldn't deal with this
it or not, the fiscal cliff. huge spending cuts and tax hikes, but president obama wants to raise taxes on rich americans. how about sitting with voters? instead of raising tax rates on the american people and accepting the damage it will do to our economy, let's start to actually solve the problem. now let's focus on tax reform that closes special interest loopholes and lowers tax rates. you know what? and it won't kill the country if we raises taxes on millionaires a little bit. it really won't. i don't think. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ >> welcome back, time for a quick check of the headlines, pope benedict xvi presiding over the ceremony today. to elevate six n
ceiling. the deal was ultimately rejected by the republicans but we know it included cuts to sbientitlem programs. president obama agreed to squeeze $250 billion from medicare in the next ten years with $800 billion more in the decade after that. he was also willing to cut $1 10 billion from medicaid in the short-term. democrats make it sound like a deal like this could be worked out pretty soon. >> bring entitlement reform into the conversation. social security, set aside, doesn't add to the deficit. medicare and medicaid, protect the integrity of the program but give it solvency for more years. >> what's the integrity of the program? we have a lot of questions about where this is going to end up. republicans are also giving off clues about an upcoming deal. several house and senate republicans are rejecting an antitax pledge of grover norquist. but rejecting the pledge comes with strings attached. >> i will violate the pledge, long story short, for the the good of the country, only if democrats will do entitlement reform. >> get out the gun and hold it to our head. democrat and republi
of dollars of spending cuts and tax increases that are going to happen when the ball drops on new year's eve unless president obama and congress come to some sort of compromise. >> stephen: all right so, we're all doomed. >> it's like the movie thaw you have to either cut off your arm or die. so they will come-- they will cut off their arm. >> stephen: do you know, do you know what kind of ratings the news could get if they could get politicians to cut off their arms on camera? okay. -- (cheers and applause) >> stephen: as i said senior white house correspondent for abc news. the only news anybody watches any more. >> i think that's true. >> stephen: and you have got eye new book here called the outpost, an untold story of american valor. this is about the war in afghanistan. >> it's about one combat outpost in afghanistan, 14 miles from the pakistan border, built at the bottom of three very steep mountains, built in 2006. and overrun in 2009 by the taliban. >> stephen: let's put a picture of this space right here. >> that's it. >> stephen: the space is at the bottom not up here where this g
president obama and the republican leaders trying to reach a deal to avoid the crisis. the number two man, durbin of illinois tad saying nothing should be left off the table in search of budget cuts, and new sources of revenue, the assistant majority leader allowing the changes in the president's signature legislative achievement should be on the table. that's right, obamacare. >> put everything on the table. repeat, put everything on the tail, not just taxes and revenue, but spending cuts and entitlement reform. the only perfect law i know was carried down a mountain by senator moses. lou: what should be positive words for republicans tempered by the fact that senator durbin has no standing as the president's representative in the negotiation, and harry reid is telling a far different stories. john boehner and his caucus, the target, again, of senator reid's blame game. the senate majority leader insistent that republicans are the only onee in the way of the deal. reid asked point blank what the first thing would be, and he offered this curious answer. >> well, remember, we've already do
is meeting with president obama at the white house today, part of a ceo roundtable to help the president avoid the so-called fiscal cliff. if there is no deal we will all see tax hikes and government will cut spending beginning january. president obama has also called apple's ceo cook to get his input. >>> 5:17. first of a series of storms is arriving in the bay area now. >> not that we want to panic when the national weather service calls it a river of rain -- >> many terms, atmospheric river, pineapple express, we don't like those terms. it puts everybody in a panic we will get through this. live look right now from our sutro camera, wind warning along the coast. you can see heaviest cells offshore from the north coast, mendocino, sonoma, marin light rain around the bay continuing to develop. closer look from sea ranch, fort ross, highway 1, bodega bay, wet around windsor over the richmond san rafael bridge, lighter returns the blue here pinole wet weather into the east bay 680 looking at wet weather as well as milpitas and down around the south a from pescadero. wind advisory is going
: president obama and congress begin negotiations this week to avoid are the coming fiscal cliff, about $6 billion in tax hikes and spending cuts that will kick in. both sides say they're looking for ways to compromise. >> that's what it's about, if regan and o'neill can do it, obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key is whether or not the republicans will move away from the id logically rigid tradition which was the grove pledge that they will not go for additional revenue. >> reporter: for the first time the antitax pledge seems to be negotiable. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid the coming grief and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean new taxes. >> i would be very much opposed to raising tax rates, but i believe we can close a lot of loopholes. >> reporter: and democrats say just closing loopholes and cutting deductions isn't enough. >> we have to raise additional re
pressure on boehner not to cut a deal with obama who said, let's try to win the election instead. that was the -- that was the conservative approach. and boehner seems to be positioning himself as at least -- according to his latest comments, as much more of a conciliator -- >> if there is a softening on the part of the republicans, especially house republicans, sit because of the election? >> i think it has to be. the two big policy decisions republicans in congress have to make after the election is on taxes and immigration. those are the two issues that are coming down the pike for them. taxes is first, immigration will be second. and the two issues, where if you look at the exit polls, they lost on both those issues to president obama. you hear a lot of conservatives in the more intellectual class of conservatives saying, get off the idea of tax rates basketball the end-all, be-all. and some conservative leaders are listening in congress. >> bill crystal, an intellectual leader of that conservative wing, if you will, he said, a lot of democrats in hollywood get to benefit mil
owners to find out about tax cuts to be extended. president barack obama has not met with congressional leaders since it before the thanksgiving break and no other meetings have been planned yet. the white house is welcoming comments on tax increases on wealthier americans. >> some of the tax increases are welcome and they represent what we hope is a different in tone and approach to these problems. >> but time is running out to strike a deal for spending cuts that kick in as part of the so called fiscal cliff are now just 35 days away. allison burns, ktvu channel 2 morning news. >>> well a new study finds part of the bay area have higher invasive amounts for the western part of the state. the northern part of alameda county and a section that runs between san mateo and alameda counties. breast cancer rates were 10 to 20% higher than the state average from 2000 to 2008. breast cancer rates have long been a concern in marin county. >>> they are looking into whether the man accused of killing a police officer will stand trial. he is accused of killing a police officer and he is being held
their article describing said freak out. upper income taxpayers look for ways to sidestep obama tax plan. he said he would end the tax cuts for the wealthy. and abc news found after the election that at least some of the people in this country making over $250,000 a year were just freaking out about that. "a 63-year-old attorney based in louisiana who asked not to be named told abc news that she plans to cut back on her business to get her annual income under the $250,000 mark should the obama tax plan be passed by congress and become law. we were going to try to make our income $249,999 she said." this is nuts. if i could just lower my income, i will avoid the tax hike. i will purposely make less money so i don't fall into the tax hike category. this is nuts, right? this is a fundamental misunderstanding. this is like that old joke about the three guys sitting about the one thing they would take with them to survive if they knew they would be trapped in the desert. the first guy would bring a compass so i could find my way out. the second guy would bring as much water i could carry so i cou
of the land. >> i'm reasonable. i'm responsible. obama care's the law of the land. now, there's a guy the president can work with, right? wrong. politico says that boehner's opening offer to the president is to keep the bush tax cuts, cut entitlements, and postpone cuts to the pentagon. in other words, they haven't budged at all. how is that compromise? how is that reasonable? but it gets worse. speaker boehner now says the health care law should go under the knife. boehner says, quote, we can't afford it. we can't afford to leave it in tact. that's why i've been clear that the law has to stay on the table as both parties discuss ways to solve our nation's massive debt challenge. folks, this debate is over. the american people have spoken. mitt romney ran on two big ideas in this campaign. cut the taxes and reveal our obama care. he lost. those ideas lost. but they didn't learn a thing. joining me now is congressman keith ellison, democrat for minnesota. he's co-chair of the progressive caucus. and former pennsylvania governor ed rendell, now an nchl bc news political analyst. thank y
look at president obama's proposed spending cuts, a lot of them are leisure. they're cuts in there, for example, that are already agreed upon. in other words, we already have. so you can't really count those. there are other things he called spending cuts which are for wars we're not going to fight. he's going to save a trillion dollars not fighting wars that we're not going to fight anyway. so that's like me saying i'm going to give you a trillion dollars, no, i'm not, and then imagining that somehow i've got that trillion in my pocket all of a sudden. it's not real money. most of the money is coming from tax cuts, from letting the tax cuts expire. that's real money. the spending cuts, we really haven't seen yet. that's what republicans are looking for, is president obama going to tackle entitlement reform? that's where the real money is. >> and do you see -- does it seem as though there really is light at the end of the tunnel, that both sides are working really hard to beat this deadline, it's not just hyperbole but a real commitment to come to terms and answer to americans who
're live here in redwood city, i'm brian flores, ktvu channel 2 news. >>> 7:34. president obama expected to keep pushing for his ideas on how to avoid the fiscal cliff looming ated end of the year. all this -- at the end of this year. the president wants to extend tax cuts for middle-income americans while letting them expire for those people who earn more than $250,000 a year. coming up at 7:45, whether republicans and democrats are any closer to a deal. >>> wellge the nation's lowest housing -- well, the nation's lowest housing rate is in the south bay. only 3% are vacant. that translates to just 28,000 empty properties out of almost 651,000. nationwide apartment rents are expected to go up again next year. the national association of realtors rents will go up 4.6% because demand exceed supply. in 2014/2015, rents will probably go up more than 4%. nationwide they went up 4.1% this year. but here in the bay area, they are up more than 13%. >>> it is 7:5. a crane had to be us -- it's 7:35. a crane had to be used for a sink holt. these pictures are from a -- sinkhole. these pictures are f
: but this is not to cool? it is not glamorous. obama once money for liberal collegesven he wants to cut support seven enticing it this coup lourdes to have a job. i wholeheartedly agree there is a major push from washington to go to college. take out student loans. the ceo of the company of air products he came out of vocational school and has risen to the top and he did attend college later. he makes over $10 million per year. john: and the department of labor critics job openings 14 percent job growth. electricians 23%. plumbers and pipefitters. heating and air-conditioning. 34%. >> they are unfilled and many positions open over one year. >> most americans think it is said good idea to raise minimum wage. i say it kills jobs. credit and susteren talks about her jobs. >> my first jobwas thought to a delicatessen. >> kids have a lemonade stand. i would buy stuff and sell it for more. >> my first one is as a janitor with an engineering firm. john: incongruous raise minimum waggs $70 $0.25 per hour per pronouns they want to raise its $10 per hour. it is logical to think that gives every worker more to
after the 2010 election. when the republicans and tea party knocked barack obama for a loop taking control of the house. the tax cut deal, fights over the budget, the debt ceiling, deficit reduction, egypt, libya, and how obama's made the decision and took the actions he to go up but to explain how this is done to set up the 2012 campaign. he had a theory he could make the 2012 race a choice between different approaches to government and everything he did he tried to temper temper -- to other at to a choice. we did not know how things would end up on 2012 but i looked at his governing and elected strategy and it culminated. this is the back story of what happened in the presidential campaign. >> host: david corn. showdown is his most recent book that the national press club >> host: professor, we are here to talk about your book indispensable. i want to say this is a delightful book to read. you deal with very familiar figures. you attack them from some new angles. let's died 10. you have a quote but is attributed to different people also charles de gaulle is most often accredited.
and federal budget cuts that will be imposed unless president obama and congress can make a deal on budget reform. not even everyone in the president's own party is with him on this and nancy cordes is on capitol hill for us tonight. nancy? >> reporter: scott, a rift has opened up between the white house and liberal democrats over what should be on the table in these talks. some democrats even say they're willing to let all the bush tax cuts expire, at least temporarily, even if they don't get the deal they want. senator patti murray of washington state is one of them. she says negotiations should focus far more on raising tax revenue than cutting spending. republicans are calling democrats like you "thelma and louise" democrats because you've expressed a willingness to go off the fiscal cliff. >> i'm willing to take a very tough stand and say to those on the other side that we are not going to accept an unfair deal that hurts middle-class america today and protect the wealthiest americans. period. >> reporter: in the house, at least 42 liberal democrats have signed on to a bill requiring
take president obama's view, extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris kearns goodwin joins us. >>> let me finish with how lincoln outlawed slavery for good and how he did it using politics. this is "hardball," the place for politics. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [ grunting ] >>> how's this for irony? mitt romney has finally captured 47% of america. remember this video that sunk the romney campaign? >> there are 47% of the people who will vote for the president no matter what. 47% who are with him, who are dependent upon government, who believe they are victims, who believe the government has a responsibility to care for them. >> well, the cook report points out ro
party where we can say cuttg spending is the only answer. if you tax everybody that obama is talking about taxing, the most you could cut off the someg insanely small. that will not do anything. the message has to be to cut spending and until that resonates with americans, have to realize the economy will keep declining. melissa: ho huggies is a spendig problem, not a revenue problem? >> the left is always going to try to appeal to the low information voter. so we have to take information, make it really simple, on complicated and communicated in a narrative that can be marketed to the masses of people. if you take the tax increases of those making over $250,000 per year, it is a drop in the bucket. 56 billion sounds like a lot of money we're talking about reducing the deficit to something like 1.15 trillion bit of 1.2 trillion. we have to communicate that we have to keep sticking it to them to say that debt is on our children and future and some point the grim reaper will take itack so we have some point when people are hurting bad enough realizing obama has not come in and saved us
john boehner. they are protesting cuts in healthcare they say but shows how any kind of spend wiing cut are nearly impossible these days and they are warming for the president's call to raise tax revenue. many democrats are emboldened since the election refusing to talk about any specific cuts to federal spending. >>> president obama and democrats ran on a promise of bush tax rates. president obama didn't hide that last year of the campaign every place he went that's what he talked about. americans when they voted raised their voices and supported our pledge congress acted in accordance with the will of the people. >>> there's a debate of how to raise taxes. if government spending isn't paired back in some way republicans may not fine off on a deal. >> oo we already know the president is a good campaigner. we congratulate him on his reelection. what we don't know is whether he has the leadership qualities to lead his party to a bipartisan agreement on big issues like we currently face. >>> big issues include things like medicare and medicaid. will those be part of a final we will see. t
-- concessions, we're compromising. and that will put president obama on the defensive to make the big cuts that brad and other republicans want. so it may with just now what you're seeing from chambliss is smart politics. gregg: all right. brad blakeman, juan williams, gentlemen, great to see you both. >> have a great weekend. jenna: well, thanksgiving at halle berry's house turns into a melee, cops were called at the home of the academy award-winning actress. we'll tell you why. gregg: plus, a potential upgrade from the postal service. why you could now receive your packages within hours. ♪ this is how mommy learned... ...and now... you! [ giggles ] ♪ the one and only, cheerios patti ann: a chicago family is celebrating their own thanksgiving miracle. expectant mother jocelyn robinson went to the hospital there yesterday with severe complications from the her pregnancy. after some exams, the doctors gave the mother and father-to-be some devastating news. >> i had to be sort of very honest with her and say we don't have a heartbeat. >> another doctor said, i'm sorry, your baby passed,
up, i think the argument that obama will have to essentially extend the tax cuts as is come from of the 20 d's who are up, many of them in quite red states and the r's -- either very strong candidates because they all survived in 2008 and got elected against the obama landslide that year. whereas obama agreed to continue the tax cuts because he feared his own reelection, this time it is the democrats in the senate in a similar position obama was. >> thank you very much. i believe there are two narratives and it seems like both are legitimate in their own way. but there is also the question of political psychology. and it is clear some republicans, some moderate republicans, some neo- conservatives, some people who were advisers to governor romney, that they do think that president obama got a mandate and suggest the republicans make major concessions. to what extent in your conversation with house republicans, to what extent this feeling is kind of common among rank and file members? >> the cheerful news from the taxpayer perspective is that the republicans are not at all spooked
people to take pay cuts and giveaway golden parachutes barack obama. >> is that true, this was the most expensive in history? >> totally. we had to weigh more than last time. we registered with more voters. we had more volunteers. 2008 was a magical campaign. 2012, we finally got good at it. we spent five years learning how to do it. the best story, in august, i went to a convention in ohio. this amazing team leader said to me, the simplest thing about the obamacare campaign, i have been organizing for barack obamai know everybody in my neighborhood. i know the democrats who might forget to vote. i know the independence and i know how they make up their mind. she looked at me and said, the rounding guy just came from out of state. could you think is going to be better? that was true. polls showed we got a majority of voters that this side of the final day of the campaign. in part that was because of the president and in part because they got a door knock, let me walk you through why i, your neighbor, why i support barack obama. they said i just saw this television ad and they said this
as what he wants to work on. president obama is not arguing for that tax cut expiration date to be extended, to be put off for awhile, to work on something else in the meantime. he seems to want this fight. not only talking about this reminding everybody that it is what he campaigned on when he won reelection. "the new york times" is he's employing the support information data base he built during his campaign toward trying to win that policy fight. and again, noigs that, in addit that, there's the breaking news of the president seeming to be lining his ducks in a row for nominating susan rice for secretary of state. the potential nominee taking meetings with the senate foreign relations committee, including john mccain, tomorrow morning. she will be taking that meeting alongside the acting director of the cia. in addition to this fight over the tax cuts, the president is not shyi ining away from the secretary of state fight either. we know what he's being pressured to do and we know e what he'd like to get done in the second term. by looming over all of those factors, loomin
government and lower spending is itself a pro-growth tax cut so that's my caveat. you want to raise revenues, limit it to deficit reduction. do not permit it to go for higher spending. my free market caveat concession. anyway, president obama promised to pull out all the troops from afghanistan by 2014 and now the military is proposing a different course. keep 10,000 troops in theater for a longer period of time. this has some important political and financial implications. we will explain and explore next up. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345
. these people want to go around saying obama, obama wally is cutting your social security and medicare in your home deductions are really happy. we are not in this for nothing. nobody cares about us because we want to be so proud of president obama. and let him defund social security. the democrats have no intention of ending the debt ceiling now, because they want to give away more democratic priorities. we hostages. when the republicans have not given anything yet, that is what you get here you get your priorities cut. because you did not say a word. so sit back in your house and yelled obama, obama while he takes all of the food out of your mouth. host: let me echo some sentiments your efforts to facee spending resistance. the two senators, the story often notes that this is what they would like to see from the president. they want him to start negotiations at a one-one ratio. putting them in line with many in the parties that want to see a harder line taken by democrats. some advocating going over the fiscal cliff. democratic caller, mary, what do you think? having delivered the cliff and
's in response to the rocket attacks by hamas. secretary of state hillary clinton cut her asia trip with president obama short to fly to the middle east to help broker a truce. she just wrapped up a meeting with israeli prime minister benjamin netanyahu in jerusalem. later today she'll meet with the palestinian president and then fly to egypt to meet with mohammed morsi. >> the goal must reach legitimate aspirations of israelis and palestinians alike. >> right now, no sign that a deal is even close. besides a cease fire, hamas wants some of the restrictions eased at the gaza border. israel is demanding a long-term agreement and says that if a diplomatic solution is not reached, they're ready for a ground war. people in the bay area are closely watching these developments unfold. let's check in with jody hernandez. >> reporter: janelle, a lot of folks here in the bay area are feeling a sense of helplessness as they watch the violence unfold in the middle east. many have friends or family members either in israel or in the gaza strip. today we got a very real sense of what families wh
the bush tax cuts to the 2001, 2003 tax cuts for two years. why would that not be what you do? well, obama's as i'm going to hold my breath until i turn blue and stamp my feet because i insist on this. two years ago he said he didn't want to raise taxes on small businesses and americans, earning $250,000 more a year. because it would damage the economy. now evidently he thinks this economy is stronger than it was two years ago, or in better shape today that economic hit. it's an interesting question. as to how that goes. if you go over that tax cliff and taxes are raised dramatically, the house will already passed the extendable. the president will say i'm not signing it. the president thinks he can expand to the country that the republicans did it. well, it's an interesting question. can? on the sequester, i thought if the republicans when the house, senate, presidency sequestration would not happen because the republicans would pass with running a bill that saves the same amount of money, didn't give up any of the savings from the sequester, but, in fact, did so by contacting the pentago
evening, everybody. we are now 40 days from the more than $600 billion from automatic spending cuts and tax increases that will take place if lawmakers fail to reach a deal before the end of this year. since president obama's reelection, democrats and republicans have staked out their positions on how to resolve this potential crisis. the president wants higher taxes on the rich, specifically over one half trillion over the next decade. >> what i'm concerned about is not finding ourselves in a situation where the wealthy are not pay more or are paying as much as they should. middle-class families making a difference. lou: house speaker john baena says new revenue should be raised through tax reform, not raising taxes. >> we have talked about this for every year. you can lose all kinds of limitation in doubt. the specifics at this point, would not be conducive to try to come to agree with the white house. lou: who blinks first? we take all that up here tonight. how can the republican party broadened its base following governor romney's defeat? we will be talking with the author of th
-called fiscal cliff. president obama expressing optimism they can come up with a deal to prevent automatic spending cuts and expiring tax breaks just into fox, the white house spokesman, jake carney, reports president obama spoke with the house speaker boehner and the senate majority leader harry reid over the weekend. still, concerns of the crisis and the european debt crisis sent stocks down but not precipitously but down. we are seeing signs of progress in washington, dc, with rare bipartisan consensus on raising taxes on the wealthy but they remain at odds over the specifics. in other words, exactly highway do you do it. and mike emanuel is live on capitol hill. the white house is expressing putting pressure on congress. >>reporter: a report on the impact if the bush tax cuts are not extended. the study says the typical middle class family will see taxes go up by $2,200 next year affecting businesses and retailers. the argument is the families will spend less and it will hurt the economy. >> you can see it across housing, and services, and things like paying for cell phone, groceries,
to raise taxes the president obama has put forward one dime of spendin cuts even accept. or how the reform entitlements, to avoid a debt crisis. gei: something else, criticizing grover norquist for his note tax edge. this would point to a fracturing of the republican party in terms of its support for not raising taxes. what do you make of this? does this come as news to you, will this change the face of the republican party? >> points to the fact there's so much pressure here on republicans. the media putting pressure on republicans, completely misplaced. we have a spending problem. no one is focusing on cutting spending. that will continue until john boehner or somebody else says we're not talking about tax increases so we start talking about cutting spending. gerri: obamacare is an expensive entitlement that is brand new and john boehner, speaker of the house, wrote this, we can't afford it. we can't afford to leave it intact. the law has to stay on the table as both parties discuss ways to solve the nation's massive debt challenge. it haseen put on the table is yet another king, somethi
the 16 trillion. >> no, to bring concessions out of barack obama. the sequester and spending cuts that no one wants to happen 2013. bring them . bring on the defense and social program cuts and you tellux barack obama what you will do to prevent that from january 1st. >> brian: putting the pressure back on the white house. >> that is the only leverage point. he doesn't want to cut discretionary spending by hundred billion this year. >> brian: james, the key to the whole thing is to preserve investment rates, because if it stays at 15 percent that's where it should be. >> that's what mr. boehner is aiming for. if dividend go from 15 to 20, huge disincentive to invest hurts the competent. >> brian: people will not invest because it is it a risk. james freeman. glad to have you back. >>reporter: right. >> brian: we hope so. 19 minutes after the hour. she was not happy with the divorce case. you are looking at it now she's in big trouble . then your house and car under water, but you have to go to work. what would you do? you are go to meet a moment who swam to work in hurricane sandy
. >>> big decisions coming up for president obama and speaker boehner on tax cuts and entitlement cuts, tax increases andin titlement cuts. joining me to talk about the strategy is ed rendell, former governor of pennsylvania and political analyst vin weber former congress member and republican strategist. ed, first of all, you've heard what eric cantor and others have been saying today. what about grover norquist and the possibility that that no-tax pledge that has really handcuffed negotiators for decades is something that is quickly being shaken off? >> yeah, i think it's sort of falling apart. i think what republicans are finding out is when you pull back the curtain, like with the wizard of oz, there's nobody there. grover norquist never got one vote, hasn't been elected to do anything and really just forced himself into the american political scene. a lot of grover norquist pledge signers lost in the last election, both incumbents and people who had signed the pledge running this time. look, the american people aren't dumb. they know that we have to cut spending, but they know we have
take president obama's party. doo extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris good win joins us. >>> let me finish with how lincoln outlawed slavery for good and how de it using politics. this is "hardball," the place for politics. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with
: if the president wants mr. obama expected to speak in moments on the tax cuts he wants to keep and he wants to raise maybe. nokia's newest smart phone. walt mossberg on the good, the bad, and man, this thing is heavy. calls are skyrocketing for holiday travelers, use that as an excuse to not visit to develop his who you can take or leave. connell: let's go back to nicole. what do you have? nicole: taking a close look, heavily traded on washington. a name when i bought my breakfast this morning it was a hot topic. now down $0.13 at 31.22. bp has suspended new contracts with the u.s. government according to the environmental protection agency. this is not good news for bp. everybody is familiar with back in 2010 we had the big oil spill, 11 workers that died. now the question is integrity, they pleaded guilty to charges, the agency of the environmental protection agency talking about the lack of business integrity they have seen and demonstrated. this is somewhat of an ethics issue out on th only the disastt what followed after that. how much oil spilled, this is why they are now being suspen
by lawmakers and president obama, around 600 billion in tax hikes a and spending cuts would take effect in january. republicans and democrats are still in odds over the cause to raise taxes on the wealthiest and cutting on programs like medicare. but both sides saying they're willing to compromise. >> you have to raise additional revenues. there are ways of doing that. >> republicans always put revenue on the table. democrats always promise to cut spending. we never cut spending. what i'm looking for is more revenue for entitlement reform. >> the house speaker has called for a short term fix to overt the fiscal cliff so congress can work on a bigger deal in 2013. they naed to cut out a package that includes revenue hikes and spending cuts by the end of the year. >> americans have been out shopping early and often. almost 140 million kmers hit the stores or shopped online between thursday and sunday. that's up 6% from last year. >> almost a quarter billion shoppers will have been online or in stores. shopping started earlier than ever and in spite of the employee protests, the early open
and break down barriers and cut through the red tape and thank you very much for your leadership. [applause] so choice neighborhoods is just one powerful example of the obama administration investing better and we do what works and stop what doesn't work and form the partnerships that we need to solve the challenges of irnlt generational pof poverty for once and for all and it takes on average two generations to break that cycle of poverty and we are trying to break it in one and the efforts we're supporting and we want every american to have the chance to get ahead no matter where they are and live, whether it's a second grader to go to school or a parent walking their kid safely to school around the corner. we recognize that america built to last draws from the ability of the future and tap all of the resources. that what is takes to build the economy for the 31st century and that's what these grants are all b it's a pleasure to you here with you. >> >> [applause] >> thank you and thank you to our hud partners and at this moment i know i don't need to introduce him. i want to present to
and savior, barack obama. >> eric: not even that savior. 36 days going over the fiscal cliff. you should know what is at stake if partisans don't figure out a way soon. bush tax cut goes away and that alone would drive taxup fo. the patches will die as well. so add in the failure of the super committee and sequestered $1.2 trillion. spending cuts of $600 billion in defense. why are we here? you can't blame revenues. americans forked over $2.3 trillion in taxes and fees last year. the taxaholics are stone cold drunk on our spending. spending is out of control. mr. president, waiting for you to stand up and show leadership. bob, haven't heard a thing. crickets. >> eric: i think you heard things. there is movement going on here. >> bob: i'm glad they're breaking away from norquist and say there is a need for revenue. i think whether that comes in form of limiting deductions to $50,000 for people making over $250,000 or -- >> eric: i can say. we will get to all of that. we'll get to the deals that may go on. where is obama's deal or his idea? his proposed, i don't know. the medicare, medicaid, re
president obama is trying to do is reverse the tax cuts for the wealthy and have their income taxes go up significantly, but freeze it for the middle class. he does not want to restore everyone to the former tax rates, andy idea is the began and the idea is that the top earners incomes have continued reject the idea is that the top earners and comes -- the idea is the top earners incomes have continued to rise. if you freeze taxes on lower income, and increase taxes on the upper income, you shrink the gap, and that is the purpose of his policy proposal. host: how many households actually make more than $250000? guest: about 3 million households. 3 million people are about the talk to% of vernon's. the top 1% makes more than $600,000 a year. host: do policymakers agree on what defines the middle class and where it begins, income- wise? he called it is unjust in question because we know what median income -- guest: is an interesting question because we know what needy in income is tied average income is -- median income is. we call the middle class everyone making under two hundred $50,000
right. well, elsewhere today president obama will hold meetings with leaders of large corporations to talk about averting the tax hikes and budget cuts from the so-called fiscal cliff. the president met with small business owners yesterday to talk about the effect on their companies from taxes and other changes. and right now congress is stalled over finding a solution as democrats demand higher taxes for high wage earners while republicans want cuts to entitlement programs. >>> elsewhere on the hill, u.n. ambassador susan rice spent her day behind closed doors explaining statements she made back in september about those deadly attacks on the u.s. consulate in libya. her defense failed to convince her republican critics. nbc's tracie potts is on capitol hill with more on this. tracie, good morning to you. >> lynn, good morning. rice admitted that when she said the ambassador and three others who were killed were the result of spontaneous attacks, the information was partially wrong. as she has done before, in a statement after her meeting, she blamed it on bad intelligence informat
obama travels to a tinker toy factory outside of philadelphia on friday. to link tax cuts to consumer spending. tinker toys. hmm. some americans might see that as more than a white house backdrop. one other quick note, tom cole, a leading republican in the house in oklahoma told politico yesterday that the republicans should give in to the white house demands and quickly pass those middle class tax cuts. but house republican leadership sources tell me that cole was speaking only for himself, completely freelancing, but he is speaking for more republicans in the house, this could be a breakthrough. guys? >> with us is democratic senator amy klobuchar. great to see you. >> great to be on, thank you. >> what do you think, is this posturing on the physical cliff? is there real work going on? >> i wouldn't be surprised this is going on. people are going to stake out positions. i think the most significant thing is you're starting to see a number of major republicans just mentioned. also saxby chambliss, lindsey graham, others saying i will be willing to look at revenues in addition to spen
're cutting deductions. can democrats say to president obama and democratic legislators say to their constituents, we said we're going to get to higher taxes with operating brackets. do both sides walk away feeling like they won and ended up better off than they would have otherwise? >> last question to you, kristen. if the gop caves, if you will, on the potential of raising taxes on the wealthy, what kind of attention is there on getting into entitle 78ments and compromising on that? >> reporter: i think the president knows he will have to do that, the question is what will that look like. during the debt ceiling debate last summer one of the ideas that was put on the table was increasing the eligibility rate for medicare, for example. that is sernlly one of the ideas that will be discussed in these negotiations, i'm sure. social security, that is something that harry reed has said he's really not willing to touch. democrats have really seemed to be holding the loin ine on sayi look, we're not going to compromise until they see what republicans put on the table. they're tak
dollars. this is a big question for the obama administration. >> age should be cut off. the president's apparent topic for secretary of state susan rice came out and praised president morsi as well. >> that is exactly what all dictators say if we look at history and we have seen the dictators who have subjected their population to misery for years and decades and decades obviously once they come to power and enjoy the perks they are not going to let it go. we knew that going into it those of us who come from the middle east who monitor the middle east we knew what the plan of the muslim brotherhood is and we know they want to bring in an islamic rule to egypt. they did not feel that mubiarek was religious enough. he was secular. they looked at him as a pawn in the hands of the west. therefore they want to bring back the islamic pride. the people in eye egypt are concerned about that. egypt is the second largest islamic country in the world with 80 million people after indonesia. this is dangerous to the rewest and middle east as well. >> no wonder they are scared it could be worse tha
when obama came in and raise taxes with democrats. >> republican's line. isn't this a bit -- you were having republicans takes a very difficult pledge to cut taxes, give away money. isn't that like a court of axing they like passes? >> it's a pledge not to cut taxes but it's a pledge not to increase taxes. people say why don't you toughen? you don't want to change it because it's a simple guardrail. doesn't solve all the world's problems but doesn't design tax reform. it just is no net tax increases. >> in your mind when someone signs it, how long are they committed? >> it's not in my mind. it's in writing when the person signs it is their fourth lingerie your congressman or senator or a step legislator. >> so you are signing this for my? >> no. and much attended a congressman for all of your life. for as long as you -- [talking over each other] spent a summer was to tell you are pro-life or pro-choice, would you say is this for 18 months or for a cure and a half? how long are you going to be pro-choice? for as long as you're a congressman. you're telling someone who you are. i'm the
. >> dana: all right. >> eric: obama have to advertise he promised to -- [ laughter ] -- cut the deficit in half? >> dana: where will it end? >> kimberly: we want an apology. >> dana: super pac ad with apology. >> kimberly: deliberately dezeed the american people. >> bob: that is not true. >> dana: we'll ponder that. coming up, 5 a 50 million reasons you might not want to win tonight's powerball jackpot. brian has all of those next on "the five." ♪ ♪ >>> i'm bret baier in washington. the big story here today is a new develop in the president obama's evident to get off the fiscal cliff. tonight on "special report," the president may be trying to divide budget negotiations in two pieces, insisting on tax increases for high earners this year with a promise to cut spending next year. some critics call it wimpy from popaye strategy, gladly paying you tuesday for a hamburger today. house speaker john boehner insists the republicans are willing to work with the mt. offering the tax revenues if significant spending cuts are part of the deal. is social security on table? should it be? we hear
on this? >> well, it is a huge gulf between candidate obama and president obama. now, some people are going to cut him some slack and say, look, it's one thing when you're running because you don't have the daily intel, you don't have the daily briefings, you don't know where a likely strike is to occur. on the other hand, if the rules that you abide by while candidating and arguing that you should be the president don't apply to you once you become president, then you've got to excuse everybody from george bush back to whoever. i think there's a real tension here and i think the aclu and progressive groups are right to apply the pressure. the question is to what degree can you acknowledge the legitimacy of a response to terror, even perhaps using surgical strikes or some of the drones and at the same time say, hey, that stuff has gotten out of hand and we have to figure out a way to get back in. and if you say sunshine is the law, that you want people to be exposed, then you're practicing directly contrary to what you've argued. >> i want to read briefly from an article. there wa
have gone that route in the uk and they got a recession. we can go your path but they cut taxes there too. they got the recession. >> because they raised taxes. >> i got to get out of here. >> thank you. >> now, here is the question. has president obama put this s fiscal cliff plan on the table. one member of the senate says it is time for president obama to tell america what this man is. that senator is pat toomey of pennsylvania. he is going to join us here in 25 minutes. next up is the republican party about to lose it's soul and principles over the fiscal cliff debate. why is nobody talking ip t inin media about spending cuts. let's talk to brent great to see you on the show. thank you for coming. let me start with this thought. over this fiscal cliff debate. nobody is cutting spending. everybody is talking about taxes. is the gop losing it's soul and principles? >> no one is being serious in it's debate. the fellow from adi is making sound statements. but he is whistling past the graveyard. there is no problem that the obama budget calls for spending giving us a deficit o
and president obama have made it clear they will accept no spending cuts. they made this clear to the union chief. -- our senator from illinois dick durbin. host: what should republicans do or not do? our last caller said republicans should be willing to go over the cliff, it necessary. caller: we should shut the government down, if they cannot agree to any spending cuts. we will be coming up to the debt limit again. they should shut the government down. we will see how the government runs without all these extra programs. senator coburn has identified all the duplication and waste in the government. it is ridiculous that they don't even talk about that. host: senator durban from illinois, let's look and his comments on abc yesterday. he is talking about what democrats would be willing to do to avoid the fiscal cliff. [video clip] >> social security does not add one penny to our debt, not a penny. it is a separate-funded operation. we can do things now, smaller things, played out over the long term, that gives its solvency. medicare, only 12 years of solvency lie ahead if we do not think. t
fiscal cliff president obama is taking his case to small business owners from across the country, meeting with more than a dozen at the white house, looking to avoid a year-end tax hikes and spending cuts. republican leaders will meet with a bipartisan group of former members of congress as list leaders as well as both sides hold the line on taxes. >> i'm willing to put revenue on the table to pay down debt and create a better economy but my democratic friends have to reform entitlements. what will make us greece is not raising taxes. what will make us greece is not fixing medicare, medicaid and social security. jon: white house press secretary jay carney says president obama will not give on extending current tax rates on wealthy americans. on entitlements carney says the president is open to changes except when it comes to social security. >> the president has long made clear that he is open to discussions about strengthening social security as part of a separate track. jon: so is the u.s. economy heading for a plunge over the fiscal cliff? with us now, associate editor and columnist fo
. katrina, what are they doing? >>guest: well, they are actually looking at potentially cutting the mortgage deduction. now, if my opinion this is another example of president obama and congress trying to take money away from people's pockets in order to fund government spending when if reality the revenue that would be brought in by cutting away the mortgage deduction wouldn't make a dent in reducing the national deficit. in fact, the approximate savings for cutting the mortgage deduction would be about $83 billion and that would only help run the government for 8.3 days and would have reduced the national deficit not one bit. >>neil: if you, a lot of people buy a home or second home with the idea they have the write off to enjoy, the mortgage deduction, there is a $1 million cap on underlying mortgage for principle interest but if they go after that, what do you see happening? >>guest: well, as the real estate market is going to do well and warren buffett said it is spark the economy and the government will interfere with that? many willing a this is only going to affect the rich, the peop
by the day tax increases and deep spending cuts take effect in five weeks. if lawmakers cannot reach a deal. with little progress being made in washington president obama is hitting the road. at paine has the story. >> the mood was optimistic earlier this month when president obama met with congressional leaders to work out an agreement to avoid this cliff. now the president is taking his case mr. obama met with small-business owners tuesday. today he hosted an event with middle-class americans and sits down with some of the nation's top ceos. friday he travels to a manufacturing plant in pennsylvania senate minority leader mitch mcconnell question the president. >> president saddam the law makers and working out with the agreement is back on the cam best-president obama >> the president got input outside the beltway. he wants to continue the conversation when business leaders, small business leaders, civic leaders, and labor leaders because everyone has a stake in this. >> lawmakers have just over a month to reach an agreement to keep the country from going over the so-called fiscal cliff.
you think that republicans are going to cave on some of these things? >> you mean the bush tax cuts? >> that raises a question whether it's under the tax cuts or whether they insist that some of the revenue raiser and so, you know, obama agrees to give us some coverage and the revenue and something else, and bank of america is pretty harsh out on the ledge in terms of the bush tax cuts and i think the comments, bill crystal saying, what's the big deal, why don't we tax millionaires, if you have enough republicans coming out. gives the president to fight for this and i think that the republicans have to ask, do we really want to go down fighting and is this the mountain we want to die on fighting for 1% of the country? and so i'm not going to predict. i don't know what's going to happen because i found the behavior of people on the hill very unpredictable. >> it is. and something else on the table, the president's health care law coming from folks saying it's such a huge driver of the economy if fully implemented it has to be up for negotiation. house speaker john boehner wrote an op
to be wary of cutting spending on the platform, cuts in programs of obama's platform. host: do you think the states should use their line of communication of congress or the white house? caller: i think we need to trust the congress and believe that we have elected them to do the state's business and trust them to do it. host: let's go to mike. caller: i think the states already have several budgets to their elected officials. if the governor wants to have a say on the budget, get a hold of their elected officials, their congressman, bring them to the governor's office and laid the lot down to them on what the what the congressman to go back and portray in washington. host: let's hear what marie has to say on the independent line. caller: i think only the blue states should have a say because the blue states contribute overwhelmingly more money to the federal government. the red states tend to be more petty minded and selfish, anyway. the blue states give them money. let them do with their little money they get. i will lead the blue states -- all of the blue states need to participate. h
tax cuts for those make mortgage than $250,000. >> billionaire warren buffett, an obama ally today wrote an editorial in "the new york times," calling for a higher minimum tax for the wealthy. >>> a shake-up in the middle east in politics today as an israeli moderate resigns. israeli defense minister ehud barack abruptly quit politics today, saying he'll only finish out his term. the obama administration had embraced him as a moderate influence on benjamin netanyahu's hard-line policies. meanwhile, a leader of hamas is warning that a fragile ceasefire in gaza could flare back into violence if negotiators don't come to agreement quickly. negotiations have to proceed through egyptian messagers because israel and the united states consider hamas a terrorist organization. >>> still ahead here at 5:00, it's a distinction that universities don't want. the bay area school, though, near the top of this dubious list. >>> and a blockbuster acquisition that never was. google tied to a takeover deal the company is now calling a hoax. >>> and a celebration filled with secret information. how se
. updated versions have fewer risks. talks between president obama and congressional leaders continue behind closed doors. they are attempting to reach a deal through a series of meetings before automatic cuts and tax hikes go into effect at the end of the year. the president wants tax breaks for 98% of americans and 97% of small businesses, while raising taxes on the wealthy. most republicans remain against tax hikes and want to cut spending on social programs such as medicare and social security. however, the latest tone out of washington is encouraging. "as thomas jefferson said, and this is a quote, 'we should not put off tomorrow what we can do today.'" "the only balanced approach is one that includes real and lasting reforms, so republicans have stepped out of our comfort zone." in the latest manueverings, the obama administration points out the typical american household will pay $2,200 in additional taxes next year, which could hurt consumer spending by $200 billion in 2013 and threaten christmas shopping this season. house speaker john boehner and a few other key republicans appear
in pennsylvania. the message is clear, president obama's number one priority is ensure that tax cuts for middle-class families are preserved and tax rates for the wealthy expire. according to warren buffet that idea is already being accepted across the country. >> there's a general feeling among the general public and congress, that the rich like me have been getting away with low tax rates and time to make the tax rates more progressive. >> while the president seeks an audience with the american citizenry he's limiting his face time with his republican adversaries on the hill. missing from his schedule the meeting he was supposed to have with top congressional leaders. having learned his lesson during the payroll tax fight. >> modern day washington is a little different than it was in 1801. the notion you can solve all problems over a cocktail i think is a little overrated. engaging with not just the denisons of washington but with the broader american public is very important to him. >> while president obama spoke with senate leader harry reid and speaker john boehner by phone on saturday whe
missed you on the airways, reince priebus. welcome back. take care. >>> president obama is launching a full court press of bush era tax cuts are allowed to expire, it will cripple the economy. mr. kruger, welcome to you. >> thank you. >> is the president going to hold his nerve and increase taxes or is he going to be bullied off by the republicans to try and do a deal to avoid falling off the fiscal cliff? >> the president has been quite clear that he wants a balanced approach to our deficit problems, that he wants higher revenue raised from increasing taxes for the top 2%, the most fortunate americans, and spending cuts so that we are on a fiscally sustainable path. >> but what happens if the republicans get to december 30th and say no deal? we are not going to sign up to anything that involves genuinely increasing taxation even for the 2%? what is plan b? >> well, first of all, i don't think that's in the country's best interest, and i think we've heard from republicans that they are finally talking about raising revenue from upper income families, so these are solvable problems an
the season. find out which companies ended up on the naughty and nice list. today president obama will be holding a series of meetings with leaders of large corporations to talk about averting the tax hikes and budget cuts from the so-called fiscal cliff. the president met with small business owners on tuesday to talk about the effect on their companies from taxes and other charges. right now congress is stalled over finding a solution as democrats demand higher taxes for high wage earners while republicans want cuts to entitlement programs. and last night on hardball, former republican senator alan simpson gave his thoughts on the fiscal cliff and failure of lawmakers to reach an agreement. p. >> they love their party more than they love their country. how it we get to that point, don't ask me, but the whole business of reform and money in the campaign and beat up the guy, and it's not a case of who wins. it's you want to be sure somebody loses. and i say to people whether it's grover norquist or whatever, lord's sake, if you can't step up to the plate, what can happen to you? th
's votes. oklahoma congressman tom cole said it's time to immediately extend the bush-era tax cuts which, of course, is what obama is calling for, for households earning less than $250,000 a year. then he later told "the new york times," quote, the first thing i'd do is make sure we don't raise taxes on 98% of the american people. we'll get some credit for that, and it's the right thing to do. i don't believe in holding the american people hostage to this debate. sounds like the president, doesn't it? he told politico it's not that he believes in raising tax rates on the top 2% but he thinks republicans should have that fight separately. where there is common ground with the president, he adds, we should seize that common ground. cole is hardly a liberal and has served as chairman of the national republican congressional committee. while he's from oklahoma, he's always been a pragmatic guy. and, by the way, he's a former pollster. he knows how to read poll numbers. while the tax fight has played out very well publicly, what hasn't been as public is the equally tough task the white house
cuts the gop calling out president obama for campaigning while republicans campaign. we will look at the campaign 3.0 with "victory lab" technician and author sasha isenberg. some democrats say it's okay to take a dive. we'll ask senator patty murray why she agrees with that when she joins us and republicans want answers from ambassador susan rice. what are they really asking? we will discuss that when "now" starts in a mere 180 seconds. t - more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is
, is unmatched. president obama made him his pay czar, where he cut the salaries of executives of companies that received government bailouts. but it was his role as special master of the 9/11 victims compensation fund that was his greatest challenge and likely his lasting legacy. >> 9/11 was a horrific experience, because you were dealing with traumatic death, where people said good-bye to loved ones that morning and never saw them again. incinerated. no body to bury. this is different, but it's very, very emotional, bp, very emotional. it's not death. it's more, "what does the future hold in terms of my ability to earn a living?" >> he has $20 billion of bp's money to dole out as he sees fit. >> just bring it on, baby. >> the idea behind the fund is similar to 9/11: persuade people to accept payment for their losses up front... >> uh-oh. >> instead of engaging in long and costly and uncertain lawsuits against bp. >> it's a free country. if you want to come into the fund with all the benefits of the fund, come on in. you're welcome. we'll give you a fair shake. we'll process your claim. we
will do entitlement reform. >> without a bipartisan plan, bush era tax cuts will expire. congressional leaders expect another face to face meeting with president obama as soon as this week. >> republican senator john mccain backed off from fiery criticism of susan rice about the 9/11 attack against the u.s. diplomatic post in benghazi libya. >> i think she deserves the ability to explain herself and her position just as she said. but she's not the problem. the problem is the president of the united states who on -- in a debate with mitt romney said that he had said it was a terrorist attack, he hadn 't. >> rice has maintained she based her statements on protesters on cia intelligence available at the time. four americans including u.s. ambassador to libya chris stevens were killed. >>> police are making progress in recovering some 2 million donations made to the salvation early. police in toronto said earlier in the year they discovered a person had made off with donations of toys and good. tips led them to a trailer where they found toys and food. >> officers did find toys, personal i
of that, plus video of jamie foxx's bizarre tribute to his lord and savior. barack obama? "hannity" starts right here, right now. >> it's clear the democrats spell blood in the water. if a deal is not reached by january 1st, a series of defense budget cuts will mean massive tax hikes reaching every american. we've seen democrats from the president on down using the so-called crisis to ram their left wing agenda down your throat. they want bigger taxes, bigger government. for example, take a look. >> if despite the dangers of going over the fiscal cliff and what that means for our economy, that there's too much stubbornness in congress, that we can't even agree on giving middle-class families a tax cut, then middle-class families are all going to end up having a big tax hike. that's going to be a pretty rude shock for them, and i suspect will have a big impact on the holiday shopping season, which in turn will have an impact on business planning and hiring, and we can go back into a recession. >> sean: republicans hate big beared and santa claus. don't buy this hype, such as letting the bus
cutting edge prevention techniques. and i'm very proud to work for the obama administration, for secretary, as grant said, that has not only focused on treatment and research, but prevention in so many things. and, so, my story is not unique. but on behalf of the obama administration, on behalf of secretary kathleen sebelius, i'm here to say thank you for the work of san francisco and the local, at the state, and at the national/international level has done for more than 30 years that have saved lives, that have built commutes, that have allowed families to come together and grow. because this is not 1981. it's almost 2013. and this place is revolutionery and this 9-1/2 million will continue to make it the pinnacle of world research and prevention on hiv. so, thank you very, very much for having me here. (applause) >> i just looked over my shoulder and here is dr. george rutherford, director of the aids office when i came here many years ago. we have many generations of individuals who work and contribute to the work we all do here. next i'd like to introduce dan bernal who is the district
that the u.n. ambassador can be confirmed as secretary of state should president obama nominate her. >> and with the clock ticking on the deadline to avoid automatic spending cuts and tax increases, democrats and republicans are now turning to campaign style tactics to win the pr battle with the american public because the american public hasn't had enough of campaign style pr tactics. today president obama is scheduled to sit down with more than a dozen ceos, including several who are actually supporters of mitt romney. and then it's back to the campaign trail for the president on friday as barack obama attempts to sell his budget plan while speaking at a toy factory outside of philadelphia. yesterday chuck todd asked jay carney if the president was running out the clock ahead of the last minute deal. >> isn't everybody just killing time until the deadline comes? can seems like everybody is just -- >> they're not killing time to me, chuck. >> until the final week and the jet fumes, people get out of school and the holidays come and then everybody will actually hammer it out? >> loo
was the extension of the bush tax cuts. president obama wasn't interested in a deal because he didn't have much leverage. that meant any deal would favor the republicans and alienate his core constituencies. you fast forward to now, look, all negotiations go through ups and downs, but the bottom line is that both sides need a deal. if the republicans push us off the fiscal cliff, they will be blamed for the subsequent recession and they'll pay the price in 2014. president obama also needs a deal because history doesn't remember who the speaker of the house was during a period of weak economic growth. the president gets the credit or the blame. he's going to be written about for 300 years and he does not want to preside over eight years of the weakest growth in u.s. history. so, he needs a deal so that the next four years are better than the last four years. >> we'll see. obviously, still the opening days of this process. charlie, the fed chairman in new york yesterday referring to these talks, reiterating how important it is they get done. he coined the term, fiscal cliff, "the washington post"
homosexuality in uganda. but its anti-gay bill is condemned by western leaders like president obama who threaten to cut off aid to uganda if the country does not do more to protect the rights of gay people. again that bill could pass any day. >>> the truth between israel and hamas militants in gaza could be in trouble right now. there was an incident on the border. you'll hear what happened when israeli troops confronted a group of palestinians. rates side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [ grunting ] bigger! bigger! bigger! bigger! so, which would you rather have -- a big treehouse or a small treehouse? if it's big enough, you can have a disco. oh, yeah! why do you not want a smaller treehouse? because it wouldn't be able to fit a flat-screen tv, and then the tv would be about this big, and you would have
to the fiscal cliffhanger, we are just weeks away from possibly seeing big spending cuts and tax hikes kicking in, and the big question remains: will lawmakers be able to reach a deal in time? president obama met with congressional leaders last week, another meeting is set for next week, but the two sides are so far apart on taxes and spending cuts is there even hope of bridging the divide? jehmu greene is a former president of the women's media center and a fox news contributor, and didi binky is a former campaign aid to president george w. bush and a gop strategist. thank you both for joining us. >> thank you, heather. heather: so some 800 billion in annual spending cuts and tax increases scheduled to start january 1st, plunging us off this fiscal cliff. what do both sides need to do to come to a compromise? didi, i'll start with you. >> well, actually, heather, here we are again. it feels like groundhog day because we have the government shutdown, fiscal cliff. i mean, washington, d.c. is such a mess, and it's really too bad that we didn't have more change from the election. so what i'm hop
up. dagen: the market is up, that is good. good afternoon read >> pushing for middle-class tax cuts without any spending concessio concessions, president obama to meet with business leaders on the fiscal cliff after speaking just last hour. we'll ask lou dobbs that he thinks ceos will help to make deals happen. >> now washington is looking at the one sacred mortgage deduction, maybe get rid of it to help heal the budget crisis. >> charlie gasparino on the future of the firm. time for stocks as we do every 15 minutes, before the new york stock exchange, nicole petallides on the floor. a deal is possible by christmas. >> hoping to get some positive comments from john boehner. he is optimistic. a nice little boost. from negative to positive to the session highs, no 50 points away from dow 13,000 once again. the dow once again up 73 points. you have a lot of winners. the banking index is still under some pressure, but retailers are really stealing the show. many are doing well for a variety of reasons. take a look at costco. the money they're paying out to shareholders ahead of the fisc
the white house says the average middle class family of four would face if the bush tax cuts expire. white house correspondent dan lothian joins me now. of course, this isn't the first time the obama team has used twitter to get people involved. >> reporter: that's right. we saw them do that with the payroll tax cut, when they asked folks to push this hash tag $40 the amount that each person would see taken out of their pay checks. the reason they use social media is because they think it is very effective in spreading their message. not only getting out to their supporters, people who see their line, but also those people in turn will push the message across the social media. again, they believe it's effective. that's why they're pushing it this time again. but not just that alone. you saw the president yesterday meeting here at the white house with small business owners. today he's meeting behind closed doors with top ceos. on friday he takes his message on the road to a manufacturing plant in pennsylvania. this is all part of the effort of this administration to put pressure on republic
cuts, looming at year's end. today, that and president obama will meet with a group of middle-class americans, hoping to convince congress to protect tax cuts for families earning less than $250,000 per year. >>> it will be another tough day of questioning for susan rice, the likely nominee to replace hillary clinton as secretary of state. rice, facing critics for a second-straight day. they say she misled the public after the attacks in libya. rice said she was using the cia information available to her at that time. but after talks yesterday, republican senators, including john mccain, say they are even more troubled, now, about rice's responses. >>> and after the repeal of the don't ask/don't tell ban on gays in the military, four women are challenging the ban on women in combat. their lawsuit claims the 1994 rule keeping them out of ground combat also unfairly blocks them from promotion. it comes as officers are on aer is survey, asking if women would be a distraction in combat operations. >>> and police in new york, say a bus driver apparently lost control before slamming
selling stock on concerns about the impending peril of the so-called fiscal cliff. president obama for his part seems utterly unimpressed by market volatility and the consequences of failure to resolve the issues of tax hikes and spending cuts that go into affect the first of the year. as the markets were falling in the first hour of trading this morning, house speaker john maynard stood up and offered support to investors and leaders for the market. stocks stabilized and then began climbing on the speaker's expression of optimism that a deal is within reach. we will take all of that up and more here tonight with bedford open geyser ceo harvey eisen and republicans who have put tax revenue on the negotiating table , and some republicans have flat out repudiated their anti-tax increase pledge. the author of that pledge, grover norquist, here and we will ask him how it is that he came to be the villain in this piece, how it feels to be the subject of attacks from both the left and some on the right and what the future holds for those republicans who break their pledges to voters. also tonigh
. appreciate your time. >> sure. thank you. gerri: as a reminder, the revenue from the bush tax cuts would generate just $82.4 billion a year, enough to run the government for five days. as president obama pushes for tax hikes on wealthier americans, he might look to britain to see the effect it has. it's not revenues. it's surprisingly less. after the labour party, that is, there, pushed for the top tax rate to 50%, 5-0, the richest left. two-thirds left to avoid paying the new tax. it also stopped people coming to and investing in britain. there's a lesson for you. turns out the proof is in the pudding realizing the errors of the way, the government is cutting the top rate to 45%. more to come like should washington sub di size wind energy? more on the fiscal cliff as americans on all levels have to prepare to take the tax hit. i hope it doesn't, but i'm going to break it down next. ♪ [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start.
no plans to cut team hours as a result of the obama care act. papa john's, like most businesses, is still researching what the affordable care act means to our operations. we will honor this law, as we do all laws, and continue to offer 100% of papa john's corporate employees and workers in company-owned stores health insurance as we have since the company was founded in 1984." the owner of 40 denny's franchises, john mets, completely reversed himself on a plan to add a 5% obama surcharge. businesses at denny's restaurants in florida dropped overnight, after his comments got widespread attention, according to the "huffington post." denny's corporate ceo has expressed disappointment with mr. mets and said it wasn't the company's position. what happened here is that these corporate leaders were living the republican lie. they were buying into fearmongering about the economy and the effects of the affordable care act. once president obama won a resounding re-election victory, they stuck to the republican script, but they saw they could potentially take a financial hit by making these threats
for a moment. near ago critical moment in washington as president obama gears up for a new round of talks with congressional leaders over the fiscal cliff. lawmakers are running out of time to strewniike a deal to av across the board spending cuts and major tax hikes. what will it take for both sides to reach a compromise. here is washington times columnist. >> let's start here. yesterday was small business saturday. should we fall off this fiscal cliff how would it effect the small businesses in this country? >> well, i think right now, ar they will. that's t -- arthel that's the big question. most have no idea what they are facing. if all of the bush tax cuts do expire as they are slated to do then small business owners would be looking at massive tax hikes across the boards. right now they are filling out their budgets for the following year doing something congress has not been able to do in years. but they are filling out their budget. if they think they are facing a huge tax hike, what they are going to do is they are not going to hire people. they are going to lay people off. we ha
on spending. we need to get president obama and senate democrats to say what spending they'll cut and how to change entitlement. >> did you hear what jay carney said in the last few minutes? he said social security, by the way, off the table. we're not going to discuss this while we do the fiscal cliff discussions. i mean, we're already there. raising taxes but not cutting spending. >> and that's exactly the point. >> social security is funded separately. it has it's own line item, it's a separate bill -- >> until the money runs out? then what do we do? >> that's not the point right now. >> it is. >> no, it's not. you won't solve those problems by going after the fiscal cliff. >> the only thing derailed is the conversation on what matters. what matters is spending. we have a debt crisis coming done the line. because we're spending too much. yet no one wants to talk about spending. we're talking about where can we raise taxes? raising taxes doesn't lower the deficit at all when you add it up. we need to cut spending. the senate democrats are not helping. >> the fiscal cliff started before
that extends the bush era tax cuts or those making more than $250,000. >> billionaire warren buffett, an obama ally, again with a rate hike on the rich. calling in "the new york times" for a minimum tax on the wealthy. 30% of income between 1 million and $10 million. 35% above that. republicans insist any deal on tax hikes has to come after a commitment to control spending on medicare and social security. adding to the drama, the white house warned the strong start to holiday roadway tail steals could be spoiled by fears of tax hikes. holiday cheer and a reminder. five weeks until l the fiscal cliff. i'm steve handlesman, nbc news, capitol hill. >> a tense standoff in egypt between mohammed morsi and the nation's judiciary branch. they want to lessen tension in cairo. they canceled a massive rally that was planned for tomorrow. at today's meeting was a bid to resolve a four-day crisis that has plunged the country into turmoil. clashes have left one protester dead and hundreds of people wounded. >>> amateur video shows rebels. they were able to seize dozens of boxes of ammunition from defeated
clout with congress. the goal: a sweeping deficit agreement to avert $650 billion in spending cuts and tax increases at the start of 2013. from the white house came word that president obama will try to build public pressure on congress to raise taxes on the wealthy and prevent tax hikes for everyone else. white house spokesman jay carney. >> well, the president believes very strongly that the american people matter in this debate. because this debate is about them. the question of whether or not taxes go up on 98% of american tax payers is a very important to ordinary americans. it is not just a matter for discussion between the president and the senate minority leader. or other congressional leaders. >> brown: to that end the president met privately today with small business owners. on friday he'll travel to the philadelphia area to speak further on the issue. not to be outdone, house republicans said they'll meet with small business owners and workers in their districts arguing against the president's plan. in the senate republican my ontario leader mitch mcconnell dismissed the
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